Upbit, South Korea's largest exchange, will list EURC (euro-backed stablecoin) trading pairs against KRW, BTC, and USDT.
DeFi & Yields ·
Upbit, South Korea's largest crypto exchange, will list trading pairs for EURC against the South Korean won (KRW), Bitcoin (BTC), and Tether (USDT) following an official announcement. EURC is a fiat-backed stablecoin that facilitates the transfer and use of euro value on blockchain networks.
The listing expands access to euro-denominated blockchain settlement in one of Asia's major crypto markets. Upbit's addition of three distinct trading pairs signals multiple on- and off-ramp routes for EURC within South Korea's ecosystem, enabling conversions between the stablecoin and local currency, major cryptocurrencies, and another stablecoin denomination.
No timeline for the listing activation, trading volume expectations, or details on deposit and withdrawal mechanics have been disclosed. The announcement does not specify whether other fiat stablecoin pairs or additional EUR-linked instruments will follow.